In the past week, ONTO stock has gone up by 8.95%, with a monthly gain of 14.33% and a quarterly surge of 21.53%. The volatility ratio for the week is 2.93%, and the volatility levels for the last 30 days are 3.99% for Onto Innovation Inc. The simple moving average for the past 20 days is 15.95% for ONTO’s stock, with a 46.02% simple moving average for the past 200 days.
Is It Worth Investing in Onto Innovation Inc. (NYSE: ONTO) Right Now?
Onto Innovation Inc. (NYSE: ONTO) has a higher price-to-earnings ratio of 78.03x compared to its average ratio. ONTO has 36-month beta value of 1.42. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ONTO is 48.76M, and currently, short sellers hold a 3.59% ratio of that float. The average trading volume of ONTO on May 10, 2024 was 434.16K shares.
ONTO) stock’s latest price update
Onto Innovation Inc. (NYSE: ONTO)’s stock price has increased by 4.96 compared to its previous closing price of 208.42. However, the company has seen a 8.95% increase in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-10 that Onto Innovation’s (ONTO) Q1 top-line performance gains from continued momentum for the Dragonfly inspection system.
Analysts’ Opinion of ONTO
Evercore ISI, on the other hand, stated in their research note that they expect to see ONTO reach a price target of $235. The rating they have provided for ONTO stocks is “Outperform” according to the report published on April 16th, 2024.
ONTO Trading at 17.55% from the 50-Day Moving Average
After a stumble in the market that brought ONTO to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 2.48% of gains for the given period.
Volatility was left at 3.99%, however, over the last 30 days, the volatility rate increased by 2.93%, as shares surge +18.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +18.52% upper at present.
During the last 5 trading sessions, ONTO rose by +8.70%, which changed the moving average for the period of 200-days by +101.92% in comparison to the 20-day moving average, which settled at $190.38. In addition, Onto Innovation Inc. saw 43.08% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ONTO starting from Plisinski Michael P, who sale 40,000 shares at the price of $175.48 back on Mar 20 ’24. After this action, Plisinski Michael P now owns 235,492 shares of Onto Innovation Inc., valued at $7,019,129 using the latest closing price.
OH Yoon Ah, the VP, General Counsel & Corp Sec of Onto Innovation Inc., sale 1,685 shares at $180.00 during a trade that took place back on Mar 18 ’24, which means that OH Yoon Ah is holding 14,913 shares at $303,300 based on the most recent closing price.
Stock Fundamentals for ONTO
Current profitability levels for the company are sitting at:
- 0.16 for the present operating margin
- 0.52 for the gross margin
The net margin for Onto Innovation Inc. stands at 0.15. The total capital return value is set at 0.07. Equity return is now at value 8.16, with 7.40 for asset returns.
Based on Onto Innovation Inc. (ONTO), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 8.81.
Currently, EBITDA for the company is 193.89 million with net debt to EBITDA at -1.24. When we switch over and look at the enterprise to sales, we see a ratio of 12.95. The receivables turnover for the company is 3.6for trailing twelve months and the total asset turnover is 0.43. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.06.
Conclusion
To put it simply, Onto Innovation Inc. (ONTO) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
